Prova la demo Apri un conto
Trading
CFD
Binarie
Cripto
Conto Corrente
B2B
Mercati
Chi siamo
Prova la demo Apri un conto

EUR/HUF 1H Chart: Falling wedge pattern in sight

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralBuyNeutral
Stochastic(5;3;3)BuyNeutralBuy
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇘⇗

[ANNOUNCE] The EUR/HUF exchange rate has been trading within a falling wedge pattern since the end of April. [/ANNOUNCE] 

From a theoretical point of view, it is likely that the currency pair could continue to trade downwards within the given pattern until the end of June. Then, a breakout north could occur, and the pair could re-test the 367.00 level. 

Meanwhile, note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs. Thus, a breakout south could occur in the nearest future, and the rate could decline to the Fibo 61.805 at 333.75.

Back to articles

Actual Topics

09 Jun 2020

GBP/AUD 4H Chart: Tests monthly S1

Indicator4H1D1W MACD(12;26;9)SellSellSell RSI(14)NeutralBuyNeutral Stochastic(5;3;3)NeutralNeutralBuy Alligator(13;8;5)SellSellSell SAR(0.02;0.2)SellSellSell Aggregate⇘⇘⇘ [ANNOUNCE]The British Pound declined by 467 pips or 2.52% against the Australian Dollar during last week's trading sessions. The decline was stopped by the monthly S1 at 1.8127 last week. [/ANNOUNCE]Currently, the currency pair is trading near the monthly support level at the 1.8127 area. If the monthly S1 holds, a breakout through the

08 Jun 2020

EUR/PLN 1H Chart: Short-term increase expected

Indicator4H1D1W MACD(12;26;9)BuySellBuy RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)BuySellBuy SAR(0.02;0.2)SellBuySell Aggregate⇒⇒⇒ [ANNOUNCE] The EUR/PLN currency pair has been trading downwards since the end of May after it failed to exceed the 4.6000 level. [/ANNOUNCE] Note that exchange rate is supported by the 55-, 100– and 200-hour SMAs in the 4.4180/4.4365 area. Thus, some upside potential could prevail in the market, and the rate could re-test

08 Jun 2020

EUR/CAD 4H: Bears could prevail

Indicator4H1D1W MACD(12;26;9)BuySellBuy RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)BuyNeutralNeutral Alligator(13;8;5)BuySellBuy SAR(0.02;0.2)SellSellSell Aggregate⇗⇘⇒ [ANNOUNCE]The single European currency traded within the range of 1.5314/1.5065 against the Canadian during last week's trading sessions. [/ANNOUNCE]All things being equal, the EUR/CAD exchange rate will most likely continue to trade in the descending channel pattern. Bearish traders could target the lower boundary of the channel pattern at the 1.4821 area within